Limited Liability Partnership (LLP) Agreement

Malaysia

Updated: Apr 29, 2021


Nik Roseli Nik Erman

Nik Roseli Nik Erman

Amir Khusyairi & Associates

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Key description

  • This Limited Liability Partnership Agreement is detailed and is suitable for ongoing businesses who are changing for conventional partnerships into the Limited Liability Partnership.

Language

Categories

Industries

Covered clauses

General

  • Definitions And Interpretation

  • Commencement and Duration

  • Nature, Purpose and Liability

  • Name and Location

  • LLP Property

  • Capital Contributions

  • Allocation and Distribution of Profits and Losses

  • General Partner's Fee and Reimbursements

  • Accounts

  • Authority and Powers of The General Partner

  • Restriction on Limited Partners

  • Meeting Partners

  • Transfer or Assignment of Interests

  • Insurance

  • Removal of The General Partner

  • Restrictions on The Outgoing General Partner

  • Payments To and From an Outgoing General Partner

  • Lawyer

  • Notices

  • Dissolution and Winding-Up

  • Third Parties

  • Entire Agreement

  • Amendment

  • Governing Law and Jurisdiction

Schedule 1

  • The General Partner

  • The Limited Partners

Schedule 2

  • Deed of Adherence


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